Andrew R. Harrison Sells 91,745 Shares of Alaska Air Group, Inc. (NYSE:ALK) Stock

Alaska Air Group, Inc. (NYSE:ALK) EVP Andrew R. Harrison sold 91,745 shares of the company’s stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $71.14, for a total value of $6,526,739.30. Following the completion of the transaction, the executive vice president now directly owns 20,638 shares in the company, valued at $1,468,187.32. This trade represents a 81.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Alaska Air Group Stock Performance

ALK traded up $2.34 during midday trading on Thursday, reaching $74.54. The company had a trading volume of 2,601,557 shares, compared to its average volume of 2,907,679. Alaska Air Group, Inc. has a 1 year low of $32.62 and a 1 year high of $74.65. The company has a market cap of $9.46 billion, a P/E ratio of 24.44, a P/E/G ratio of 0.59 and a beta of 1.54. The business has a 50-day moving average of $62.86 and a two-hundred day moving average of $49.06. The company has a quick ratio of 0.57, a current ratio of 0.60 and a debt-to-equity ratio of 0.93.

Alaska Air Group (NYSE:ALK) last issued its earnings results on Wednesday, January 22nd. The transportation company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.52. Alaska Air Group had a return on equity of 14.78% and a net margin of 3.37%. As a group, equities research analysts predict that Alaska Air Group, Inc. will post 6.03 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Barclays upped their price target on Alaska Air Group from $55.00 to $80.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Melius Research raised shares of Alaska Air Group from a “hold” rating to a “buy” rating and set a $56.00 price target on the stock in a report on Monday, October 28th. Melius raised shares of Alaska Air Group from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a report on Monday, October 28th. Citigroup raised their target price on shares of Alaska Air Group from $63.00 to $74.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Finally, TD Cowen boosted their target price on shares of Alaska Air Group from $85.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, January 24th. One equities research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, Alaska Air Group currently has an average rating of “Moderate Buy” and an average target price of $74.86.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Avior Wealth Management LLC raised its stake in shares of Alaska Air Group by 44.8% during the fourth quarter. Avior Wealth Management LLC now owns 588 shares of the transportation company’s stock valued at $38,000 after acquiring an additional 182 shares in the last quarter. Pacific Center for Financial Services bought a new position in Alaska Air Group in the third quarter worth about $45,000. Venturi Wealth Management LLC raised its stake in shares of Alaska Air Group by 86.0% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,025 shares of the transportation company’s stock worth $46,000 after acquiring an additional 474 shares in the last quarter. Pacifica Partners Inc. lifted its holdings in shares of Alaska Air Group by 952.4% during the 3rd quarter. Pacifica Partners Inc. now owns 1,105 shares of the transportation company’s stock valued at $50,000 after purchasing an additional 1,000 shares during the last quarter. Finally, True Wealth Design LLC acquired a new stake in Alaska Air Group in the third quarter worth about $52,000. Institutional investors own 81.90% of the company’s stock.

About Alaska Air Group

Alaska Air Group, Inc, through its subsidiaries, operates airlines. It operates through three segments: Mainline, Regional, and Horizon. The company offers scheduled air transportation services on Boeing jet aircraft for passengers and cargo in the United States, and in parts of Canada, Mexico, Costa Rica, Belize, Guatemala, and the Bahamas; and for passengers across a shorter distance network within the United States, Canada, and Mexico.